Скачать или смотреть What is DPoS (or Delegated Proof of Stake) consensus system?

Do you know what consensus algorithm is used by Alacrity and Kompwnd?
Well, Alacrity and Kompwnd run on Delegated Proof of Stake consensus algorithm.
But what is DPoS (or Delegated Proof of Stake) consensus system?
DPoS is considered the more efficient version of the Proof of Stake consensus algorithm.
Both PoS and DPoS are used as an alternative to Proof of Work because PoW requires lot of external resources.
The Proof of Work algorithm makes use of a large amount of computational work in order to secure an immutable, decentralized, and transparent distributed ledger.
In the DPoS system, a randomly changing delegates are elected based on the voting system that will secure the network.
The delegates are responsible for achieving consensus during the generation and validation of new blocks.
The more coins a user holds, more the voting power he/she holds.
Here, the reputation of the delegates is at stake. Any mistake may immediately lead to expelling from the position.
DPoS blockchain is more scalable, being able to process more transactions than PoS system.
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